Norsk Hydro ASA (OTCMKTS:NHYDY) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold": Twelve brokerages cover Norsk Hydro and give an average rating of Hold, with the panel split into 3 sells, 5 holds, 3 buys and 1 strong buy.
• Recent results beat expectations — the company reported EPS of $0.07 vs. $0.03 expected and revenue of $4.98B vs. $4.82B — and analysts forecast about $1.01 EPS for the current year; the stock has a market cap of $22.77B and a P/E of 37.13.
• Company profile: Norsk Hydro is a large, vertically integrated aluminum producer that also operates significant hydropower assets to support its energy‑intensive operations.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) has been assigned an average rating of "Hold" from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have recently issued reports on NHYDY shares. Morgan Stanley reissued an "equal weight" rating on shares of Norsk Hydro ASA in a research note on Thursday, April 16th. Zacks Research downgraded shares of Norsk Hydro ASA from a "strong-buy" rating to a "strong sell" rating in a report on Friday, January 23rd. Citigroup raised shares of Norsk Hydro ASA from a "neutral" rating to a "buy" rating in a report on Monday, February 23rd. UBS Group downgraded shares of Norsk Hydro ASA from a "buy" rating to a "neutral" rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada raised shares of Norsk Hydro ASA from a "sector perform" rating to an "outperform" rating in a report on Friday, March 20th.

Norsk Hydro ASA Stock Performance

Shares of Norsk Hydro ASA stock opened at $11.51 on Monday. Norsk Hydro ASA has a 1 year low of $5.13 and a 1 year high of $11.71. The company has a market capitalization of $22.77 billion, a P/E ratio of 37.13, a PEG ratio of 1.36 and a beta of 0.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.73. The company's fifty day moving average is $10.02 and its two-hundred day moving average is $8.53.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last issued its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.82 billion. Norsk Hydro ASA had a return on equity of 9.44% and a net margin of 3.06%. Analysts forecast that Norsk Hydro ASA will post 1.01 earnings per share for the current year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world's largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.

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